Milky Way Condominium Community, Inc.

Key facts from Milky Way Condominium Community, Inc.'s documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

MILKY WAY CONDOMINIUM COMMUNITY, INC. (Article 1, Section 1.5)

Developer / declarant

MILKY RIVER DEVELOPMENT, INC., a Texas corporation (Opening paragraph (page 1 of 100))

Governing law

Chapter 82 of the Texas Property Code (Texas Uniform Condominium Act) (Article 1, Section 1.1)

Special assessments

Board may levy for unanticipated Common Expenses; for acquisition of real property requires Majority approval of Owners (Article 6, Section 6.5)

Reserves & fees

Association must establish and accumulate reserves for operations and replacement/repair; Board determines level (Article 6, Section 6.10)

Pets

Household pets allowed subject to restrictions (Article 11, Section 11.6 "Animals - Household Pets") (Article 11, Section 11.6)

Leasing & rentals

Yes, subject to conditions in Article 12 (Article 12 (title))

Signs & flags

Regulated (Article 11, Section 11.16 "Signs") (Article 11, Section 11.16)

Maintenance

Association maintains General Common Elements and Limited Common Elements assigned to more than one Unit; Owner maintains own Unit and Limited Common Elements assigned exclusively (Article 9, Sections 9.1, 9.3)

Use restrictions

Annoyances and appearance are regulated (Article 11, Sections 11.9, 11.10) (Article 11, Sections 11.9, 11.10)

Voting & meetings

One vote per Unit, weighted equally (Article 5, Section 5.6)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.